VW inks 600 mln euro investment accord

Newswire

LISBON, Dec 30 (Reuters) - German automaker Volkswagen AG signed an investment deal on Tuesday worth 600 million euros ($750.1 million) by 2011 to upgrade its Portuguese multipurpose vehicle plant. Speaking at the signing ceremony, Economy Minister Carlos Tavares said 440 million euros was earmarked for spending in 2004 at the Autoeuropa plant in Palmela, 30 km (20 miles) south of Lisbon. "That will give a boost to investment in the Portuguese economy," Tavares said. "The wealth ...

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